Nottingham will benefit from a shift in arts spending towards the regions, with £24m to be invested in city and county over the next four years.

Fresh money will also be put aside for seven local new additions to the national portfolio of organisations supported by Arts Council England.

Three bodies are to get grant increases: regional dance agency Dance 4, community cultural organisation City Arts and the big winners - Hyson Green's New Art Exchange, whose grant will rise from £502,898 this year to £852,898 per year until 2022.

New Art Exchange in Gregory Boulevard was founded in 2003 and majors in African, Caribbean and South Asian art and is currently hosting elements of Nottingham Trent University's BA photography degree show.

"We are seen as a leader in cultural diversity in the arts and a leading light in this region," said the gallery's deputy chief executive Davinder Virdi. "The grant is very good news and recognised the credit Arts Council England has given us for the wide variety of the work we do."

The extra funding, said Mr Virdi, would be invested in engagement with the community; identifying, nurturing and developing artistic talent; digital infrastructure and making the organisation more commercially sustainable.

Increased funding for Dance 4 will help the experimental organisation to develop a new international programme to showcase British talent. Its grant rises from £471,014 this year to £591,014 for each of the next four years.

The charity City Arts has secured Arts Council England funding of £413,632 over four years, with annual income doubling. The increase is a welcome 40 birthday present. "It recognises the vital work we do bringing great art to the diverse communities of Nottingham," said chairman Tim Challans.

Nottingham Playhouse hit The Kite Runner (Image: Robert Day)

Recent projects have included creating a troupe for Nottingham Carnival featuring mobility scooter floats for older and disabled people; producing opening and closing ceremonies for the Cerebral Palsy World Games and leading the flagship arts and older people programme Imagine, which takes art and artists into Nottingham care homes.

Creative director Madeline Holmes added: "City Arts offers something unique to Nottingham and we have big plans. We will work with local and national partners to create spectacular events.

"We'll explore how technology can inspire creativity in people who are, too often, excluded from the arts. Through our talent development programmes we will support the next generation of community artists."

Arts Council England grants for 2018-22 will benefit 831 bodies with National Portfolio Organisation (NPO) status. They range from internationally renowned organisations like the Royal Shakespeare Company to small charitable organisations like City Arts with specific local briefs.

The NPOs will receive a total of £1.6 billion over four years, with an extra £170m targeted at arts ventures outside London.

The seven local newcomers to the National Portfolio are artist-led gallery Backlit; Nottinghamshire County Council's cultural, learning and libraries organisation Inspire; the newly re-named and re-branded National Justice Museum ; Nottingham City Museums and Galleries; Primary, the art community in Seely Road; the National Holocaust Centre and Museum at Laxton, and the Tom Dale Company, the Nottingham-based dance ensemble.

At Nottingham Playhouse , which later this summer welcomes back artistic director Giles Croft's West End hit The Kite Runner, the current annual grant of £1.34m will remain unchanged for 2018-22.

Chairman of trustees Caroline Shutter said: "I'm delighted Nottingham Playhouse continues to be recognised as an important NPO with a funding commitment to 2022 by Arts Council England.

"The funding, starting in 2018, marks an exciting new era for Nottingham Playhouse under our new artistic director Adam Penford. It's great news for Nottingham, our staff, partners and audiences as it means we can continue to produce great theatre for everyone. "

Also pegged is the grant of just over £1m for Nottingham Contemporary, which is currently hosting major solo shows by Lara Favaretto and Wu Tsang as well as Creative Connections – a collaboration between artist and photographer Katherine Green and students of Farnborough Academy in Clifton.

The gallery's director Sam Thorne said: "We are thrilled to have secured the continued support of Arts Council England up to 2022. This will enable us to continue to develop our diverse programme of exhibitions, educations and events, working both internationally as well across the city.

"We're also very pleased to see new recipients of National Portfolio Organisation funding emerging in Nottingham – including the artist-led spaces Primary and Backlit. This is really testament to the vibrancy of what's going on here."

Arts Council England's area director Peter Knott said: "We're delighted to unveil our ambitious new portfolio reaching more people in more places across the Midlands than ever before.

"The Arts Council is investing more money than ever before outside London, we're introducing 42 new organisations, including museums and libraries for the first time, as well as continuing to fund current organisations.

"We've been able to offer an increase to a small number of organisations we currently fund who made an exceptional case. The Midlands already boasts a vibrant cultural scene with an international reputation for excellence and we look forward to seeing more great art and culture being enjoyed by more audiences in more places."